Uber confirmed the completion of the first acquisition

Source: Internet
Author: User
Keywords Uber

March 4 News, the U.S. Science and Technology blog Mashable reported that Uber has acquired maps and search for start-up company Decarte. It is not clear Uber the price of the acquisition. This is also the first time that Uber company buys.


The deal was completed at the end of last week, and Uber bought Decarte to get the company's technology and talent. Founded in 1996, Decarte is located in San Jose, offering a software platform focused on location functions, including maps, local search, and directional navigation.

"Ensuring that Uber applications are reliable, low-priced, and seamless is based on map technology," said a spokesman for Uber. By acquiring Decarte, we will continue to improve our products and services based on maps, such as UberPool, and provide users with a better Uber experience. ”

Since 2009, Uber has completed 5.9 billion of billions of dollars in funding, including the Round capital, Google VCs, Kleiner, and Amazon CEO Bezos (Jeff Bezos). However, Uber has not previously made acquisitions.

Uber CEO Travis Karanik, Travis Kalanick, said last September: "We have not acquired any company." We specialize in products and have entered 45 countries. We don't have time to think about mergers and acquisitions. ”

At present, Uber is actively exploring the global market. In February this year, Uber announced a partnership with Starwood Hotels Group to win free hotel accommodation by making it an integral to the use of Uber. Last month, Uber also announced an increase in the size of the latest round of funding to $2.8 billion trillion, while valuations remain unchanged at $40 billion.

After the acquisition is completed, 30 of Decarte's 40 employees will remain in the company, including CEO and President Kim Fernell (Kim Fennell). Decarte will continue to operate as a wholly owned subsidiary of Uber, but will use its own name. Uber will use Decarte map software within the company. (D-Gold)

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